Sunland Company assigned $1,700,000 of accounts receivable to Blossom Company as security for a loan of $1,200,000. Blossom charged a 2.5% fee on the amount of the receivables; the interest rate on the note was 9%. During the first month, Sunland collected $700,000 of gross accounts receivable before deducting $4,000 of discounts and returns worth $25,000 and wrote off assigned accounts totaling $10,000. The amount of cash Sunland paid to Blossom after the collection of receivables was? (Note that the net receivables collected is used to pay principal only. Interest is paid separately. The question is asking for the combined principal and interest amount of cash paid.) $670,000 $1,200,000 $700,000 $661,000